Is Daniel Island, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Daniel Island was a Seller's Market.
Key Takeaway
Daniel Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Daniel Island, SC
How much do homes in Daniel Island, SC cost?
Median Sold Price
$1,450,000
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Daniel Island have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Daniel Island was $1,450,000 in May 2024, up 13.4% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296.7K | $345K | +16.3% |
| 2 Bedrooms | $440K | $622K | +41.4% |
| 3 Bedrooms | $884.5K | $935K | +5.7% |
| 4 Bedrooms | $1.6M | $1.7M | +8.6% |
| 5+ Bedrooms | $2.1M | $2.3M | +11.6% |
Summary: Daniel Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Daniel Island | $1.2M | $1.4M | +13.4% |
| Berkeley | $740K | $827.8K | +11.9% |
Housing Supply in Daniel Island, SC
How many homes are available in Daniel Island, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 111 | 128 | +15.3% |
Summary: The Daniel Island real estate market had 128 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 33 | 38 | +15.2% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Daniel Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Daniel Island, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Daniel Island in May 2024, down by 19.2% month-over-month. Of the 21 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Daniel Island, SC
We’re sorry, we don't have information for this market at the moment
